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Momentum Financial Holdings Limited ( (HK:1152) ) just unveiled an update.
Momentum Financial Holdings Limited has announced the termination of its proposed debt restructuring plan, which involved the issuance of convertible bonds and a special deal related to shareholder loan repayment. The termination was due to the inability to reach an agreement with creditors on adjusting the conversion price, which was necessary to comply with listing rules. The company states that this decision will not adversely affect its business operations, which continue as usual.
More about Momentum Financial Holdings Limited
YTD Price Performance: -2.50%
Average Trading Volume: 1,292,418
Technical Sentiment Signal: Buy
Current Market Cap: HK$76.6M
Learn more about 1152 stock on TipRanks’ Stock Analysis page.